Vertical

Chinese logistics services provider BEST to open its sorting center in Malaysia in 2024

China-based supply chain and logistics services provider BEST Inc said that its largest sorting center in Southeast Asia, which is located in Selangor, the most developed state in Malaysia, is slated to open in 2024. In addition to build a 220,000-square-meter facility in Malaysia, the company aims to connect Thailand, Vietnam, Singapore and Malaysia in its…

EKA Mobility joins forces with Mitsui and VDL Groep to manufacture electric vehicles

EKA Mobility, an electric vehicles and technology company based in India, has announced a partnership with Japanese conglomerate Mitsui & Co., Ltd. and Netherlands-based industrial and manufacturing company VDL Groep to manufacture electric vehicles (EVs).

Malaysia’s Gentari acquires stake in Hai Long offshore wind project in Taiwan

Malaysia-based clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd has added offshore wind capacity into its portfolio, following an investment into the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits.

IFC partners with Karsan to help drive electric vehicle production, exports in Türkiye

IFC is providing €35 million ($38.73 milllion) loan to an automotive manufacturer in Türkiye Karsan to boost its production of electric vehicles (EVs), strengthen the sector's competitiveness, increase exports and create jobs. The investment will also help bolster Türkiye's transition to net zero.

Japan’s Monex to acquire majority stake in Canadian digital asset manager 3iQ for $39.8M

Monex Group, Inc., a Japanese financial group that runs online brokerage, crypto exchange, and asset management business in Japan and globally, will acquire the majority stake of 3iQ Digital Holdings, Inc., a pioneer in crypto asset management in Canada.

How these 3 trends are catalyzing the adoption of real world assets

While there are important hurdles to adopting real world assets, enterprise solutions are emerging too. Here are three key ways that are catalyzing the institutional adoption and effectiveness of #RWAs. #Web3 #Blockchain

China’s EV boom signals the end of the age of oil

China boasts the world’s largest EV market and a 2000 km EV road trip across the country by Bloomberg News offered a glimpse of the end of the age of oil.

Indonesian quick commerce startup Dropezy expands into poultry downstream industry, rebrands to Sekilo

Indonesian quick commerce startup Dropezy has expanded into the poultry downstream industry and rebranded to Sekilo. The firm said that motivated by a commitment to address evolving market demands and capitalize on emerging opportunities, Sekilo stands poised to revolutionize the meat processing and distribution space through innovative solutions.

India’s Adani Green Energy raises $1.13B to boost capacity

Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity. The funds will be utilized for deleveraging and accelerated capital expenditure.

Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion

LiveIn, a Malaysia-based proptech firm, has successfully secured $8.3 million in its pre-Series B funding round. The round was led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital.